Foreign Exchange Operation of Social Islami Bank, Dhamrai Branch

Abstract

Banking service in Bangladesh is characterized as a highly competitive and highly regulated sector. With a good number of banks already in operation and a few more in the pipeline, the market is becoming increasingly competitive by the day. With the worldwide log jam even with rising rivalry, the business banks are continually searching for approaches to build up their market and item offers to stay in front of others. A lot of control by Bangladesh Bank keeps the extent of bringing fresher items into the market and along these lines confines a bank's capacity to beat others with an enhanced item run. However, recent trends have shown banks shifting away from vanilla products (basic products) towards higher value added products that are highly structured, to meet the needs of the clients. Social Islami Bank Limited (SIBL) is a private owned bank. SIBL is a second generation Islami bank operating since 22 November, 1995 based on Shariah Principles. Now SIBL has 95 branches all over the country with two subsidiary companies-SIBL securities ltd. And SIBL investment ltd. The bank opened 10 branches in 2013 to bring more people under the coverage of banking service. For coordinating my internship, I have been placed in Social Islami Bank Limited, Dhamrai Branch, Dhaka. There are 03 sections in Dhamrai Branch. They are: 1. General Banking. 2. Investment Department 3. Foreign Exchange Department. As requirements, be I will work generally on Remote Trade portions. I will give my most outrageous effort and thought in regards to take in agent's abilities. After satisfaction of the section level position, I will render my beginning and end data to show the give a record of By and huge dealing with a record Arrangement of Social Islami Bank Constrained an Exceptional Spotlight on Remote Trade Activity. In the various leveled part will rapidly depict audit of the affiliation's bona fide establishment, limits, business soundness, ownership structure, outside columnists and abroad exercises and points of interest provided for customers by the affiliation. Branch errand part will delineate the thing and organization provided for the customers by a branch.